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Local News

Was Bailing Out Big Banks the Right Thing to Do?


Bailing out big banks had a major impact on the economic crisis, with mixed reviews about whether or not it was the right way to handle things. Local Bank Manager Sean Watts of Home Federal says he's not sure it sent the right message to the bigger banks. "And what we're seeing is some of the big banks go after deals aggressively in both price and in structure. And starting to see some deals structured the way they were back in 2007 and 2008 when the financial crisis began and uh, it concerns me. And, uh, it appears to me and probably the people on the street that the big banks didn't learn their lesson." Watts says he hopes the government has also learned a lesson through that process as well and would consider handling a financial crisis differently in the future. Watts was a guest on KBND's “Your Town” segment today.

 

 

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